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35559 Northview Harbor Drive
Pequot Lakes, MN 56472
Mike O'Connell with Keller Williams Realty Professionals, original listing - (218) 454-4300
$275,000
Conventional
Property
Bedroom
3
Bathroom
Full: 1
Property Type
Conventional
Square ft
1813 Square Feet
Property Description
If you're searching for a residential home with a rural setting in Ideal Township, check out this 3-bedroom, 1-bathroom home in Pequot Lakes. Situated among the pines on a private 1.24-acre lot, this property features a fantastic location on a secluded dead-end road, just a stone's throw away from the famous Whitefish Chain. The house features several updates, including a remodeled kitchen, new laminate wood flooring, a newer furnace, and a newer water heater. The main level offers a spacious living room, kitchen, three bedrooms, and a full bathroom. The finished lower level is an excellent remodel project opportunity, featuring a family room with a wood stove, a laundry room with storage space, a pit for a potential additional bathroom, and an extra non-egress room. You'll also find an attached 1-stall garage that is partially insulated, a detached 2-stall garage, and a storage shed, all providing ample storage options. The enclosed garden area is ideal for growing vegetables while keeping wildlife out so you can fully enjoy the produce. It is centrally located between Crosslake, Pequot Lakes, and Breezy Point, you'll enjoy excellent restaurants, various retail shops, golf courses, and scenic trails for hiking and biking, such as the Uppgaard Wildlife Management Area. For those who love fishing, the Whitefish Chain is conveniently nearby. There are plenty of year-round activities to enjoy in this stunning area of the Brainerd Lakes! This home won't last long as there isn't a property under $300K with more to offer in this beautiful location! See it before the holidays and start 2025 with your new “ideal” home!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1979
MLS Number
--
Location
Address
35559 Northview Harbor Drive
City
Pequot Lakes
State
MN
Zip Code
56472
County
CROW WING
Listing
Name
Phone
(218) 831-6787
Office Name
Office Phone
(218) 454-4300
Agent Name
Mike O'Connell
Agency Phone
(218) 454-4300

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.